Mexico: Ammonium Sulphate Market 2024

Ammonium Sulphate Market Size in Mexico

In 2022, after three years of decline, there was significant growth in the Mexican ammonium sulphate market, when its value increased by 41% to $X. In general, consumption, however, saw a relatively flat trend pattern. Ammonium sulphate consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Ammonium Sulphate Production in Mexico

In value terms, ammonium sulphate production expanded to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when the production volume increased by 24%. Ammonium sulphate production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Ammonium Sulphate Exports

Exports from Mexico

In 2022, the amount of ammonium sulphate exported from Mexico skyrocketed to X tons, jumping by 324% compared with 2021 figures. In general, exports, however, saw a precipitous slump. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, ammonium sulphate exports surged to $X in 2022. Overall, exports, however, continue to indicate a significant curtailment. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Cuba (X tons) was the main destination for ammonium sulphate exports from Mexico, with a 96% share of total exports. It was followed by the United States (X tons), with a 1.9% share of total exports. The third position in this ranking was taken by El Salvador (X tons), with a 0.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Cuba totaled -28.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-22.3% per year) and El Salvador (-47.2% per year).

In value terms, Cuba ($X) remains the key foreign market for ammonium sulphate exports from Mexico, comprising 72% of total exports. The second position in the ranking was held by the United States ($X), with a 14% share of total exports. It was followed by El Salvador, with a 2.8% share.

From 2012 to 2022, the average annual growth rate of value to Cuba totaled -27.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-6.3% per year) and El Salvador (-40.6% per year).

Export Prices by Country

The average ammonium sulphate export price stood at $X per ton in 2022, increasing by 1.9% against the previous year. In general, the export price recorded a tangible increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 45% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Honduras ($X per ton), while the average price for exports to Cuba ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (+49.4%), while the prices for the other major destinations experienced more modest paces of growth.

Ammonium Sulphate Imports

Imports into Mexico

In 2022, purchases abroad of ammonium sulphate increased by 187% to X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports saw a strong increase. The growth pace was the most rapid in 2016 when imports increased by 1,829%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, ammonium sulphate imports surged to $X in 2022. Overall, imports saw a temperate expansion. The most prominent rate of growth was recorded in 2016 with an increase of 1,829%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest ammonium sulphate supplier to Mexico, with a 71% share of total imports. Moreover, ammonium sulphate imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), sevenfold. The third position in this ranking was taken by the United States (X tons), with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +36.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+66.6% per year) and the United States (-11.7% per year).

In value terms, China ($X) constituted the largest supplier of ammonium sulphate to Mexico, comprising 50% of total imports. The second position in the ranking was held by the United States ($X), with a 17% share of total imports. It was followed by Belgium, with a 16% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +24.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-7.2% per year) and Belgium (+6.2% per year).

Import Prices by Country

In 2022, the average ammonium sulphate import price amounted to $X per ton, picking up by 3.1% against the previous year. In general, the import price, however, recorded a perceptible contraction. The most prominent rate of growth was recorded in 2021 when the average import price increased by 8.3% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+83.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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